Aussie FIRE | Financial Independence Retire Early Pearler

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When you listen to stories of FIRE (Financial Independence Retire Early), you’d be forgiven for assuming that a huge income is a prerequisite. However, while a hefty salary does help, it’s by no means essential. In fact, many people within the FIRE community have retired early without earning in the top tax bracket.

In this episode, Dave (Strong Money Australia) and Hayden (co-founder of Pearler) explore how someone can reach FIRE on a lower income. They do this by crunching the compound interest numbers for different salaries and sharing their results. They also detail how cutting your expenses can circumvent the limits of a lower income.

By this session’s close, you’ll have a clearer idea of how you can work towards FIRE – regardless of your earnings.


Pearler
Strong Money Australia
Original Aussie FIRE e-book
Strong Money Australia’s audiobook

Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.

Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide

If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.

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This session, Dave (Strong Money Australia) and Hayden (co-founder of Pearler) are doing something a little different. Instead of exploring some theoretical aspect of Financial Independence Retire Early (FIRE), they share specifically what it is they invest in. They also detail why they’ve chosen these particular investments, and how they tie into each host’s FIRE plans.

Of course, the investments discussed in this episode won’t be to everyone’s liking. They also won’t align with every listener’s goals, investing horizons, or risk tolerance. However, by sharing them openly, and questioning each other’s choices, they aim to create a spirit of curiosity which will inform your FIRE journey.

Enjoy!


Pearler
Strong Money Australia
Original Aussie FIRE e-book
Strong Money Australia’s audiobook

Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.

Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide

If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.

Send us a Text Message.
Within the Australian Financial Independence community, shares have always been a popular asset. With a bit of research, it’s easy to understand why – they’re easy to manage, they don’t require debt, and most people can get started with minimal funds. This raises the question: is investing in shares the best way to reach FIRE?

In this episode, Dave (Strong Money Australia) and Hayden (co-founder of Pearler) tackle this topic head on. They do so by exploring the strengths and drawbacks of shares, and comparing them to other assets like property. They also crunch the data and assess different options for reaching FIRE with and without shares. That way, you can determine the best route for your goals, preferences, and FIRE style.


Pearler
Strong Money Australia
Original Aussie FIRE e-book
Strong Money Australia’s audiobook

Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.

Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide

If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.

Send us a Text Message.
For most people on a FIRE journey, frugality is a potent tool in their toolkit. Yes, investing plays a role – but frugality serves a range of key purposes beyond saving. For starters, it can help you unlock money you didn’t even know you were spending. And, perhaps more importantly, it can train you to better manage your finances both pre- and post-FIRE.

However, does there come a point at which too much frugality can become a problem?

In this session, Dave (Strong Money Australia) and Hayden (co-founder of Pearler) seek to answer this very question. They do this by sharing their own experiences with frugality, and the minimum amounts they’ve been able to live on. They also discuss what to do when frugality goes too far, and how you can rein it in without impacting your goals.

By the episode’s end, you’ll feel more optimistic about a balanced approach to FIRE!
Pearler
Strong Money Australia
Original Aussie FIRE e-book
Strong Money Australia’s audiobook

Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.

Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide

If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.

Send us a Text Message.
You MIGHT have noticed this, but people in Australia looooooove to talk about property. It’s a surefire conversation-starter if ever you’re struggling to make smalltalk, and the media won’t shut up about it. You’d be forgiven, then, for assuming that home ownership is a lynchpin of any half-decent FIRE strategy.

In truth, though, it’s not the only route to long-term wealth in Australia. Sure, anyone aiming for FIRE needs to account for a roof over their head. However, the concept of owning a home doesn’t need to be critical to your FIRE targets.

In this episode, Dave (Strong Money Australia) and Hayden (co-founder of Pearler) discuss the relationship between housing and FIRE. They also compare renting vs owning for a FIRE’d lifestyle, and weigh up the pros and cons of each. If you’d like a non-clickbaity take on the topic, you’ll want to tune in for this session.


Pearler
Strong Money Australia
Original Aussie FIRE e-book
Strong Money Australia’s audiobook

Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.

Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide

If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.

Send us a Text Message.
You don’t need us to tell you that Covid disrupted a LOT. From the lockdowns, to the obvious health-related dangers, there weren’t many people who were unaffected by its spread. But what has it done for our Financial Independence prospects? For people working towards FIRE before 2020, in what ways did it disrupt their plans? And for those who started after 2021, did Covid change the way new FIRE-seekers need to reach their goals?

In this episode, Dave (Strong Money Australia) and Hayden (co-founder of Pearler) explore the impacts Covid wrought on FIRE – from job losses, to increased house prices, to higher interest rates. They also discuss how the experience changed many people’s lifestyles, which has delivered a flow-on effect to FIRE plans. With this episode, you can understand how Covid may have affected your goals – and how to prepare for future disruptions.


Pearler
Strong Money Australia
Original Aussie FIRE e-book
Strong Money Australia’s audiobook

Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.

Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide

If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.